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Testing Identification via Heteroskedasticity in Structural Vector Autoregressive Models

Tests for identification through heteroskedasticity in structural vector autoregressive analysis are developed for models with two volatility states where the time point of volatility change is known. The tests are Wald type tests for which only the unrestricted model including the covariance matrices of the two volatility states have to be estimated. The residuals of the model are assumed to be from ...

Consequences of Extreme Weather Events for Developing Countries Based on the Example of Mongolia: Editorial

Extremely Harsh Winters Threaten the Livelihood of Mongolia’s Herders

Households in developing countries are exposed to increasingly extreme weather events that could endanger their prosperity. This study examines the impact of the unusually cold, snowy winter of 2009/2010 on the livestock of Mongolian households. Livestock represents on average more than 90 percent of the value of all assets owned. It is essential for current consumption and—due to the insufficient ...

Extreme Weather Events Drastically Reduce School Completion by Mongolian Children

As climate change progresses, extreme weather events are occurring more often, with developing countries suffering the brunt. Using Mongolia as an example, this study examines how extremely cold and snowy winters—which lead to high livestock mortality and thus threaten the livelihood of many households—impact children’s school completion. The results, based on a representative household survey conducted ...

Weather Index Insurance Can Help Households Recover from Extreme Weather Events

Weather index insurance is considered a promising international climate policy instrument that can help households adapt better to climate change. This is especially true in developing countries where households often suffer severely from the consequences of extreme weather events. This report is one of the first to evaluate the impact of a globally recognized index insurance, Mongolia’s Index-Based ...

Consequences of extreme weather events for developing countries based on the example of Mongolia

In parts of Germany this summer, temperatures were extremely high and there was no rain to speak of: this is an example of an extreme weather event. Many people experienced physical discomfort and the livelihoods of some were threatened. Think of crop damage due to drought. Every unusually hot summer is not the consequence of climate change, nor are all hurricanes and all floods. Earlier decades also ...

Labor Supply under Participation and Hours Constraints

The paper extends a static discrete-choice labor supply model by adding participation and hours constraints. We identify restrictions by survey information on the eligibility and search activities of individuals as well as actual and desired hours. This provides for a more robust identification of preferences and constraints. Both, preferences and restrictions are allowed to vary by and are related ...

DIW Berlin part of new Excellence Cluster analyzing global challenges for the liberal democracy and market economy model

DIW Berlin is part of a new Cluster of Excellence based in Berlin. Contestations of the Liberal Scripts (SCRIPTS) will analyze the contemporary controversies regarding the liberal order from a historical, global, and comparative perspective. Prof. Martin Kroh of the Socio-Economic Panel (SOEP) at DIW Berlin is one of the 25 researchers participating in the Cluster. Twenty-five years after the end ...

Prospective Electricity Generation Costs until 2050

or the analysis of future German and European energy policy, widely varying assumptions about costs and technical characteristics of power generation technologies are taken. In particular, this concerns the development of costs for solar and wind technologies, as well as nuclear, coal, and gas fired power plants together with their respective production flexibility. Moreover, cost assumptions are...

Are Retirees More Satisfied? – Anticipation and Adaptation Effects of Retirement on Subjective Well-Being: A Panel Analysis for Germany

Quality of life and satisfaction with life are of particular importance for individuals as well as for society concerning the “demographic change” with now longer retirement periods. This study will contribute to the life satisfaction discussion and quantifies life satisfaction and pattern of explanation before and after such a prominent life cycle event, the entrance into retirement. In particular, ...